ADBE data by YCharts
(ADBE - Get Report)
: Adobe is a provider of graphic design, publishing and imaging software for Web and print production. It offers a market-leading line of application software products for creating, distributing, and managing information of all types. Adobe trades an average of 4.4 million shares per day with a marketcap of $15.9 billion.
$22.89 to $34.78
Price to Book:
Third quarter earnings is highly anticipated by Wall Street expecting a favorable report after the market closes on Sept. 19. Analysts' mean appraisal is presently 47 cents a share, a gain of 3 cents (6.4%) from 44 cents during the corresponding quarter last year.
The last date Adobe released earnings was June 19 and the closing price was $32.89. Based on a recent price of $32.85, shares are down 0.1%. The average analyst target price for ADBE is $34.27.
The trailing 12-month price-to-earnings ratio is 17.6, the mean fiscal year estimate price-to-earnings ratio is 16.3, based on earnings of $1.98 per share this year.
Shares have traded slightly lower in the last month of trading. Shares are about break even at 1.5% less than a month ago. This doesn't give us much insight as to what to expect, but it's a fair statement to say that investors should not expect to get the legs knocked out from under them this release.
Currently, 2.9% short interest based on the float is small and not a big concern.